Insignia Consultants | London Metal Exchange approves Bank of Montreal as member
London Metal Exchange approves Bank of Montreal as member
19 hours ago
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LONDON, Jan 14 (Reuters) - The London Metal Exchange (LME) has approved Bank of Montreal (BMO) as a category 2 member, the exchange said on Tuesday.
The LME, the world's oldest and largest market for industrial metals, said it would issue another notice about when BMO would start trading and clearing on the LME.
Category 2 members can issue LME contracts, trade on the electronic LMEselect system and the telephone market, but cannot trade on the open-outcry floor, which is reserved for category 1 members.
